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that translated to $56,000 in local sales taxes. back to you. >> thank you. >>> some stories making news this morning. hundreds of protesters in turkey clash with police over voice recordings that include the prm telling his son to hide money from authorities. protesters shot fireworks at police who responded with fire hoses. >>> former new england patriot aaron hernandez got into a fight with an inmate. an altercation took place and neither were injured. tmz claims that hernandez beat up the other prisoner pretty badly. >>> four top police officers in king city, california, have been arrested on corruption charges. listen to this. the officers would steal impounded cars and sell them for a profit. the police chief even involved his brother in the scheme, who owns a tow truck company. >>> and taking a smoking break is one thing, but what about a pot smoking break. a police dispatcher in oklahoma is under arrest after she was caught smoking weed on camera while on duty in a police station. what was she thinking? apparently she wasn't
that translated to $56,000 in local sales taxes. back to you. >> thank you. >>> some stories making news this morning. hundreds of protesters in turkey clash with police over voice recordings that include the prm telling his son to hide money from authorities. protesters shot fireworks at police who responded with fire hoses. >>> former new england patriot aaron hernandez got into a fight with an inmate. an altercation took place and neither were injured. tmz claims that...
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what happens to home price appreciation -- >> you put in the tax deduction in your model as well? >> that's all in there. >> not many people want to buy nowadays versus rent. >> the challenge is lots of people aren't even in the game of whether to buy or rent. if you haven't saved enough for a down payment, you can't qualify for a mortgage, you can't find a house to buy, then it doesn't do you much good that buying looks 38% cheaper than renting nationally. >> where is the spot, the local market, where it is actually better to rent than to buy? >> at the metro level, it comes closest in honolulu but still 5% cheaper to buy than rent there. bay area, san francisco, 13% cheaper to buy than to rent. remember, that's if you stay put for seven years, itemize your tax deductions and get a 4.5% mortgage. if you don't stay as long or don't itemize or can't get the best prevailing mortgage rate, buying won't look as good and renting may be the better deal especially if you don't stay seven years. >> thank you. diana, great to see you on set. >> you have the most polite of all reporters. li
what happens to home price appreciation -- >> you put in the tax deduction in your model as well? >> that's all in there. >> not many people want to buy nowadays versus rent. >> the challenge is lots of people aren't even in the game of whether to buy or rent. if you haven't saved enough for a down payment, you can't qualify for a mortgage, you can't find a house to buy, then it doesn't do you much good that buying looks 38% cheaper than renting nationally. >>...
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we try to tax money everywhere and the obama administration wants to increase taxes. it's two very different views. >> let me change gears. you had a great piece in the "new york times," yes, the wealthy can be deserving. and you were kind of mocking this inequality debate. why are we -- why is inequality so important? if we -- let's take energy, greg, for a second. you create a lot of millionaires, people are leasing their land and getting royalties but you're also creating tens of thousands of jobs, the field workers, the roust abouts. if the roust about makes $80,000 and the land holder is a millionaire, there might be some equality but who cares? >> they don't mind the rich getting rich as long as two things are occurring, the rich are doing it in a way that's socially productive and creating something of value for the economy, and secondly, they pay their fair share of taxes. for the vast majority of rich people that's the case. what i was trying to argue in the times is that most rich people including ceos, actors, authors, most of these people are earning a lot
we try to tax money everywhere and the obama administration wants to increase taxes. it's two very different views. >> let me change gears. you had a great piece in the "new york times," yes, the wealthy can be deserving. and you were kind of mocking this inequality debate. why are we -- why is inequality so important? if we -- let's take energy, greg, for a second. you create a lot of millionaires, people are leasing their land and getting royalties but you're also creating...
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and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find out if your business can qualify at start-upny.com which will cause me to miss the end of the game. the x1 entertainment operating system lets your watch live tv anywhere. can i watch it in butterfly valley? sure. can i watch it in glimmering lake? yep. here, too. what about the dark castle? you call that defense?! come on! [ female announcer ] watch live tv anywhere. the x1 entertainment operating system, only from xfinity. >>> now a tale of two nugent brothers. former and neutrogena and revlon ceo jeff doesn't agree with his brother's rhetoric or all of his politics. during our interview yesterday, ted credited his brother jeff for helping him to decide to change his ways. >> whether it's my wonderful wife, my brother jeff and john or someone like you, people around me think i'll be more effective if i back off that rock 'n' roll stage rhetoric. >> jeff joins me now. thanks very much. and i'm glad you came out front because a lo
and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find out if your business can qualify at start-upny.com which will cause me to miss the end of the game. the x1 entertainment operating system lets your watch live tv anywhere. can i watch it in butterfly valley? sure. can i watch it in glimmering lake? yep. here, too. what about the dark castle? you call that defense?! come on! [ female announcer ] watch...
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he has been running a 10% tax cut across the board to republicans nationally given the budget realities of new jersey, given the pension plan he putly has not produced the savings they thought it would. he took that off the table so it makes it a little more feasible to get some of these priorities through. he also had this thing where they were anticipating only in new jersey or nevada, anticipating online revenues that have not come through. so the revenue side has not -- >> that's a bread patch, that's what passes as a bread patch. thank you for your take, appreciate you joining me. watch more with steve and the "up" team starting at 8:00 here on msnbc. of course, christie has, as we just discussed, governing throughout bridge gate and his platform continues to be more about the substantive issues than the bridge if you ask him, so what are the key issues underlying the scandal that he wants to push? first of all, education. he's calling for $13 billion more for schools. he's pushed merit pay for teachers, and he's asked for a study of longer school days and whether they are effectiv
he has been running a 10% tax cut across the board to republicans nationally given the budget realities of new jersey, given the pension plan he putly has not produced the savings they thought it would. he took that off the table so it makes it a little more feasible to get some of these priorities through. he also had this thing where they were anticipating only in new jersey or nevada, anticipating online revenues that have not come through. so the revenue side has not -- >> that's a...
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today said is tax reform is dead. >> ezra, can you quickly run us through tax reform? i know dave camp was working really hard with max baucus on it when baucus was chairman of the finance. baucus is gone, now ambassador to china. so camps decided to go it alone. what are the highlights and low lights of what he's introducing. >> first of all, that's like saying baucus is going to be replaced on jart white who is about the biggest fan of tax reform as anyone in the senate. i did not think camp was going to come forward with a full plan. i'm surprised that republicans are letting him do it or he's going rogue enough to do it. but it appears to bring down the code down to two brackets, 10 and 25. kind of, except if you're reach, then there's a 10% surtax on top of you so you're actually at 35%. but until we see what deductions he's eliminating, it's hard to say what the plan will be and who it will fall. >> when we say tax reform, when we say ron wyden is a fan, and i'm a fan of tax reform, we're almost never talking about the same thing when we use that phrase. i certai
today said is tax reform is dead. >> ezra, can you quickly run us through tax reform? i know dave camp was working really hard with max baucus on it when baucus was chairman of the finance. baucus is gone, now ambassador to china. so camps decided to go it alone. what are the highlights and low lights of what he's introducing. >> first of all, that's like saying baucus is going to be replaced on jart white who is about the biggest fan of tax reform as anyone in the senate. i did not...
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$14,000 in lost revenue to the hotel, and that itself results in almost $2,000 in local and state sales tax revenues. >> nbc's mike taibbi joins us from phoenix. what do we know from the meetings today? >> reporter: well, the governor is going to be very busy today, tamron, she's going to have a number of meetings, one with the three state senators whom you just refer. we spoke to one, who expects to explain why he and his two senate colleagues changed their mind. as you say, originally supported for the bill believed it had nothing to do with lgbt or identity issues, that it was a religious freedom bill, as it says in the text, the words gay, lesbian, lgbt don't exist anywhere in the bill, senator pierce pointed out, so he did support and vote for that, along with his republican congress, then you saw the fallout and saw that whether there's a difference between reality and perception or not, perception is what matters, it's what people are reacting to. he said we made a mistake, we got to fix it. he's going to go and tell the governor exactly that. then the governor is likely going to hea
$14,000 in lost revenue to the hotel, and that itself results in almost $2,000 in local and state sales tax revenues. >> nbc's mike taibbi joins us from phoenix. what do we know from the meetings today? >> reporter: well, the governor is going to be very busy today, tamron, she's going to have a number of meetings, one with the three state senators whom you just refer. we spoke to one, who expects to explain why he and his two senate colleagues changed their mind. as you say,...
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and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find out if your business can qualify at start-upny.com >>> welcome back. dow's down about 12 points. a lot of retail news out this morning, guys, and in general being received fairly well as we talked about with jim in the last hour, david, maybe the spring thaw is happening not just with weather but investors' attitude toward retail. >> as jim was walking out, he was muttering to himself, in the background, the stocks are all up. dollar tree puts out a not great. don't read the releases. just buy the stocks. >> what's the reason? there are some announcements of share repurchases, investors like that, but guidance doesn't seem to be fazing the traders. >> let's go to rick santelli for the home sales. >> holy cow, up 9.6% on january new home sales. now, 414 was last month originally for december that was down 7%. that was upgraded to 727,000, so they almost cut the losses in half to 3.8. this number is now 468,000. so, let's go through
and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find out if your business can qualify at start-upny.com >>> welcome back. dow's down about 12 points. a lot of retail news out this morning, guys, and in general being received fairly well as we talked about with jim in the last hour, david, maybe the spring thaw is happening not just with weather but investors' attitude toward retail. >> as...
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how it helps some wealthy americans dodge billions in tax taxes. ♪ every now and then i get a little bit hungry ♪ ♪ and there's nothing good around ♪ ♪ turn around, barry ♪ i finally found the right snack ♪ [ female announcer ] fiber one. go! [ male announcer ] it's chaos out there. but the m-class sees in your blind spot... ♪ pulls you back into your lane... ♪ even brakes all by itself. it's almost like it couldn't crash... even if it tried. the 2014 m-class. see your authorized dealer for exceptional offers through mercedes-benz financial services. see your authorized dealer for exceptional offers save you fifteen percent or more on car insurance.ould yep, everybody knows that. well, did you know the ancient pyramids were actually a mistake? uh-oh. geico. fifteen minutes could save you fifteen percent or more on car insurance. thcar loan didn't start here. it began way, way back. before he had children. before he got married. it started in his very first apartment. see that overdue bill? it arrived after he moved out. and he never got it. but he's not worried. check
how it helps some wealthy americans dodge billions in tax taxes. ♪ every now and then i get a little bit hungry ♪ ♪ and there's nothing good around ♪ ♪ turn around, barry ♪ i finally found the right snack ♪ [ female announcer ] fiber one. go! [ male announcer ] it's chaos out there. but the m-class sees in your blind spot... ♪ pulls you back into your lane... ♪ even brakes all by itself. it's almost like it couldn't crash... even if it tried. the 2014 m-class. see your...
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this tax reform, lowering tax rates one of the best ideas. just because we have a president that believes in tax redistribution and class warfare doesn't mean we shouldn't say what we think is the right way to go. >> let me ask you as an investor and capitalist and entrepreneur in this country about an idea that i think your party floated that i am really concerned about. you want to tax me 10% surcharge on my income over 450,000 and apply common income taxation to capital gains. that i can ensure you is a bad idea. i speak on behalf of everybody that puts capital in harms way to create businesses. bad idea. i hope you are not going to push that forward. >> i don't want to do things like this but when we are dealing with the code we have and trying to replace it with revenue neutral code we have to do broadening. we are talking about lowering rates across the board. i think you are talking about private equity. the key is we are bringing the rates on ordinary income down to 25% and a few down to 35%. effective top tax rate on individual incom
this tax reform, lowering tax rates one of the best ideas. just because we have a president that believes in tax redistribution and class warfare doesn't mean we shouldn't say what we think is the right way to go. >> let me ask you as an investor and capitalist and entrepreneur in this country about an idea that i think your party floated that i am really concerned about. you want to tax me 10% surcharge on my income over 450,000 and apply common income taxation to capital gains. that i...
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and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find out if your business can qualify at start-upny.com >>> welcome back to "new day." doctors in california say calls are flooding in now about a mystery illness that has already paralyzed five children. and health officials say there could be some 20 other cases. but so far, they haven't found a link. well, doctors may be no closer to finding out what's behind this polio-like disease. one boy has found hope and may actually be getting better. here's the details. >> he makes it look easy, but for this 10-year-old, this takes concentration. >> saturday he lost everything. and that's when he got -- we took him to the hospital. so it happened in 24 hours, quick. >> that was september 2012 when the boy lost all ability to move his left arm. it started in his shoulder and spread all the way to his fingerti fingertips. >> they took an mri. that's when they found out that it's inflammation of the spinal cord. >> he is one of five children in
and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find out if your business can qualify at start-upny.com >>> welcome back to "new day." doctors in california say calls are flooding in now about a mystery illness that has already paralyzed five children. and health officials say there could be some 20 other cases. but so far, they haven't found a link. well, doctors may be no closer to...